Search results
Results from the WOW.Com Content Network
Alpha Natural Resources filed for an IPO during December 2004 in an attempt to raise US$250 million to repay debt (strong coal prices also affected the timing of this). At the time, coal was selling for about a quarter of the price of natural gas ($1.5 versus $5.0 per million BTU); however, the ratio has since become much smaller (as of 2010 ...
In November 2018, Contura merged with Alpha Natural Resources to become America's biggest supplier of metallurgical coal. [4] Even though the combination let Alpha Natural Resources emerge from bankruptcy, the first year was a difficult one; lower coal prices, and higher production costs at mines where it makes the type of coal burned at power plants.
Get breaking Business News and the latest corporate happenings from AOL. From analysts' forecasts to crude oil updates to everything impacting the stock market, it can all be found here.
Foundation Coal Holdings, Inc. was a large American coal mining company. Until its July 31, 2009 merger with Alpha Natural Resources (NYSE: ANR) to form the third largest American coal company, [2] [3] the company was publicly traded on the New York Stock Exchange under the symbol FCL.
For premium support please call: 800-290-4726 more ways to reach us
For premium support please call: 800-290-4726 more ways to reach us
ANR was founded as the Michigan-Wisconsin Pipe Line Company on July 25, 1945. In 1947, the company received federal approval to build a $52 million, 1,800-mile-long pipeline from Texas to the Detroit-Ann Arbor area and to sections of Wisconsin, Missouri and Iowa. The Michigan-Wisconsin Pipeline began operations on November 1, 1949.
In 2022, the stock reached a five-year high in value and by entering the top 18% of stocks in terms of price performance Arch Resources securities moved into the elite group. [ 27 ] In August 2024, Arch Resources and Consol Energy announced that they entered into a definitive agreement to combine in an all-stock merger of equals to create Core ...